The EDA investment will assist paden city with a market analysis of their current position in a regional economy and identify improvements needed to attract new jobs and private investment

Project Grant Awarded

Award ID
016915133
Recipient
Awarding agency
Obligated
$99,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $79,200.00 Federal
  • $19,800.00 Non-federal
Place of performance
Paden City, WV 26159, USA

Award details come from USAspending.gov.

Description

As the agency reported it.

The goal of this feasibility study is to implement the identified property improvements and transform a vacant industrial space into manufacturing or related business space. This will increase the local tax base, increase local employment, help support regional economic growth create the potential for investment in a opportunity zone, stabilize a increase the working population, and resiliency of the local economy.

Quick answers

Who received award 016915133?

016915133 was awarded to Paden City Development Authority, Inc. by Economic Development Administration (Department of Commerce) on September 16, 2021.

How much is award 016915133 worth?

$99,000 has been obligated on 016915133: $79,200 in federal funding and $19,800 in non-federal funding.

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